New Rs 200 banknote ready to be released next month: Centre

After Rs 2000 notes, get ready for Rs 200 note in your wallet. Top level sources from the North Block have confirmed that RBI will be releasing Rs.200 note next month.

“We have already started printing of the first batch of 200 rupee note in June. It takes 21 days for the printing process to complete. So we are on track to meet the deadline to introduce 200 rupee note by next month,” said a top level source.

Interestingly, latest RBI data suggests that out of Rs 15 lakh worth of currency taken out of circulation almost Rs 14.5 lakh crore is back in circulation as of June this year.

As per SBI report cash with banks has declined to 5.4 per cent of the currency in circulation from 23.19 per cent pre-demonetisation.

With 200 notes pumped in the system, the cash reservoir will be boosted.

“We are operating full capacity for 500 rupee note production. When 200 rupee note will be introduced it will ease out currency availability,” said top official from finance ministry.

It was in March when the finance ministry took the decision to print the lower denomination 200 rupee notes.